PI Rating: Bank
As a part of compliance requirement of Bangladesh Bank, CRISL has released the ratings of the following banks on the basis of the Public Information (PI) as published by the banks in its Annual Report, Annual financial statements upto December 31, 2017 and other available published information.
CRISL conducted PI ratings of 23 banks. Out of them ratings of 18 banks ( 3 SCB , 2 FCB & 13 PCB) have been reaffirmed; ratings of three banks have been upgraded and ratings of 2 banks have been downgraded.
The above mentioned ratings lack some relevant quantitative as well as qualitative information which might have impact on the ratings.
CRISL released following PI ratings
Stable Rating
PI Rating 2017  PI Rating 2016  
Name of the Bank  Long term  Short term  Long term  Short term  
Stateowned Commercial Bank  
1  Janata Bank Limited  (PI) BBB  (PI) ST3  (PI) BBB  (PI) ST3 
2  Bangladesh Development Bank Limited  (PI) BBB  (PI) ST3  (PI) BBB  (PI) ST3 
3  Rupali Bank Limited  (PI) BBB  (PI) ST3  (PI) BBB  (PI) ST3 
Foreign Commercial Bank  
1  State Bank of India  (PI) A+  (PI) ST3  (PI) A+  (PI) ST3 
2  Bank Alfalah Limited  (PI) A  (PI) ST3  (PI) A  (PI) ST3 
Private Commercial Bank  
1  Uttara Bank Limited  (PI) A  (PI) ST3  (PI) A  (PI) ST3 
2  Dhaka Bank Limited  (PI) A+  (PI) ST3  (PI) A+  (PI) ST3 
3  United Commercial Bank Limited  (PI) A  (PI) ST3  (PI) A  (PI) ST3 
4  Mercantile Bank Limited  (PI) A+  (PI) ST3  (PI) A+  (PI) ST3 
5  The City Bank Limited  (PI) A+  ( PI)ST3  (PI) A+  ( PI)ST3 
6  NCC Bank Limited  (PI) A+  (PI) ST3  (PI) A+  (PI) ST3 
7  National Bank Limited  ( PI) A  (PI) ST3  ( PI) A  (PI) ST3 
8  One Bank Limited  (PI) A+  (PI) ST3  (PI) A+  (PI) ST3 
9  Shahjalal Islami Bank Limited  (PI) A+  (PI) ST3  (PI) A+  (PI) ST3 
10  Jamuna Bank Limited  (PI) A+  (PI) ST3  (PI) A+  (PI) ST3 
11  First Security Islami Bank Limited  ( PI)A  (PI) ST3  ( PI)A  (PI) ST3 
12  IFIC Bank Limited  (PI) A+  (PI) ST3  (PI) A+  (PI) ST3 
13  Pubali Bank Limited  (PI) A  (PI) ST3  (PI) A  (PI) ST3 
The following rating has been upgraded:
PI Rating 2017  PI Rating 2016  
Name of the Bank  Long term  Short term  Long term  Short term  
Private Commercial Bank  
1  The Premier Bank Limited  (PI) A  (PI) ST3  (PI) A  (PI) ST3  
Stateowned Commercial Bank  
1  Sonali Bank Limited  (PI) BBB  (PI) ST3  (PI) BBB  (PI) ST3  
2  Agrani Bank Limited  (PI) BBB  (PI) ST3  (PI) BBB  (PI) ST4 
The following ratings have been downgraded:
PI Rating 2017  PI Rating 2016  
Name of the Bank  Long term  Short term  
Private Commercial Bank  
1  AB Bank Limited  (PI) BBB+  (PI) ST3  (PI) A  (PI) ST3 
2  Social Islami Bank Limited  (PI) A  (PI) ST3  (PI) A  (PI) ST3 
PI Rating: Pharmaceuticals & Cement
As a part of compliance requirement of Bangladesh Bank, CRISL has released the ratings of the following Pharmaceuticals & Cement sector companies on the basis of the Public Information (PI) as published by the companies in its Annual Report, Annual financial statements upto FY2017 and other available published information. Ratings of all the companies have been reaffirmed.
The above mentioned ratings lack some relevant quantitative as well as qualitative information which might have impact on the ratings.
CRISL released following PI ratings:
Sector Name  Name of the Company  PI Rating 2017  PI Rating 2016  

Long Term  Short Term  Long Term  Short Term  
Pharmaceuticals  

(PI) A  (PI) ST3  (PI) A  (PI) ST3  

(PI) A+  (PI) ST3  (PI) A+  (PI) ST3  
Cement 

(PI) A+  (PI) ST3  (PI) A+  (PI) ST3 

(PI) AA  (PI) ST2  (PI) AA  (PI) ST2  

(PI) AA  (PI) ST2  (PI) AA  (PI) ST2 